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but open has so much data Right. I I actually don't think the data that Ploy has is necessarily like crazy valuable to them. You know, they have massive data sets with really sophisticated things.
So he owns if you close at 300 million or whatever 400 million he owns whatever it is 50 basis points in the company and then you have open AAI as an investor.
So Sam came, you know, offered at in the spring, you know, every YC company this deal for like one and a half million credits and uncapped note, no MFN.
No it was a uncapped note. No, no MFN.
we are not concerned at the moment of what you know OpenAI can do with our data. Um maybe eventually but you know transparently we took the OpenAI deal because we figured that by taking on all these credits up front and I don't think there's any like special data sharing provisions or anything like that.
So in the case of Oboe, instead of having a tutor, you essentially pay 30, 40 bucks a month for the hiring plan and it becomes a labor replacing device. So it does that for you
Right. And luckily, I think we operate in an environment where it's sort of well understood that we may not be the best people to estimate the temp or total addressable market. Again, when Uber first came around, I think many asked, Hey, what is the addressable market for black cars? And when Airbnb came around, what is the market for house swapping? There's no equivalent. I'll give you an even more useful example where Eleven Labs initial product was dubbing. So the natural question, Jason, is
company based in London, Eleven Labs, we had the opportunity to back the company at series A. And we at this point, quadrupled down in the company. So every single round we purchased Faden and Colette.
It absolutely is. Right. And luckily, I think we operate in an environment where it's sort of well understood that we may not be the best people to estimate the temp or total addressable market. Again, when Uber first came around, I think many asked, Hey, what is the addressable market for black cars? And when Airbnb came around, what is the market for house swapping? There's no equivalent. I'll give you an even more useful example where Eleven Labs initial product was dubbing. So the natural qu
I looked at the product, I knew the founder, I understood the metrics. So sort of made that bet, but it was competitive.
the hardest of all eight companies to demo because you can't just hand out VR headsets to everybody do I show them this it's too jumpy when I'm standing up here when the the VC ask me a question and I answer yes like the whole world is moving right up and down it's very jarring so this is the hardest of all the things to demo and it's come a long way it's is fantastic I have no bad feedback all the things that people asked the couple of times when I was in there he just kind of casually goes oh
the hardest of all eight companies to demo because you can't just hand out VR headsets to everybody do I show them this it's too jumpy when I'm standing up here when the the VC ask me a question and I answer yes like the whole world is moving right up and down it's very jarring so this is the hardest of all the things to demo and it's come a long way it's is fantastic I have no bad feedback
you figure the engineers probably cost an average of 400,000 to Google that that makes 80 million plus in their other costs they probably went well over a 100 million bucks but you know their market cap is up you know 50 billion since they launched the thing so it was a great investment
there were more than 200 200 Engineers that worked on the project for over a year
I think Google did do a tremendous job putting this thing together but ultimately to me it's aund million Facebook clone